Cyprus should prepare for the Carbon Border tax
The European Commission (EC) plans to impose a carbon surcharge on products entering the EU from third countries, through a Carbon Border Adjustment Mechanism (CBAM), likely...
Banking and Finance
Bank of England scraps curbs on bank dividends as pandemic crisis fades
The Bank of England scrapped its remaining pandemic curbs on dividends paid by HSBC, Barclays and other top lenders with immediate effect on Tuesday, saying...
Oil prices drop on Covid-19 variant fears
Oil slumped on Monday over concerns about spreading Covid-19 variants derailing the global economic recovery that has brought fuel demand to near pre-pandemic levels, while...
Turkey: Drought adds to food-cost crisis; lira expected to lose more value
The cost of food has reached a crisis level in Turkey, as production declines and the weak Turkish lira (currently at 10.30 to the euro)...
Covid Delta variant threatens Europe’s economic rebound — Economists
The spread of the Covid-19 Delta variant threatens Europe’s nascent economic rebound, economists told the Financial Times on Sunday. The European Centre for Disease Prevention and Control...
Musk on trial for selling personal investment to Tesla
Does Elon Musk control Tesla Inc (TSLA.O) or does Tesla control Elon Musk? More than $2 billion hinges on that question as a trial kicks off on...
Next steps for Cyprus on minimum corporate tax
The Cyprus government is already at work to find a solution for the country on the OECD minimum corporate tax proposal that has been agreed...
A Wise move? London listing may open fintech floodgates
Wise’s record breaking direct listing has come as a relief to other tech firms aiming to go public in the coming months, the bankers managing...
Square plans to make hardware wallet for bitcoin
Square Inc (SQ.N) will make a hardware wallet for bitcoin, the payments company confirmed in a tweet on Thursday shortly before US Senator Elizabeth Warren flagged...
Cyprus consumers are going digital – BOC study
The digital readiness of Cyprus consumers is quite well-developed, a new study shows. Consumers in the pandemic spent more using cards in supermarkets, pharmacies and...
